Organizations around the world lose an estimated 5 percent of their annual revenues to fraud, according to the ACFE’s 2010 Report to the Nation on Occupational Fraud and Abuse. Applied to the estimated 2009 Gross World Product, this figure translates to a potential total fraud loss of more than $2.9 trillion.
There has never been a more important time to shine a spotlight on fraud. While fraud is a year-round concern, organizations are encouraged to put a focus on this issue among their employees, clients and the public during International Fraud Awareness Week, Nov. 7-13, 2010.
This weeklong campaign encourages business leaders and employees to proactively take steps to minimize the impact of fraud by promoting anti-fraud awareness and education.
You and your organization can help make a positive impact in the fight against fraud by taking the following steps today:
- Become an Official Supporter. There's no charge to become an official supporter of International Fraud Awareness Week. You will receive downloadable anti-fraud resources, as well as a logo to post on your company or organization's web site. You will also be provided with a customizable press release to send to local media announcing your involvement in this important movement.
- Reduce Risk. Send an email to clients outlining the risks and cost of fraud. Encourage them to reduce their fraud risk.
- Influence Future Professionals. Speak to local university students enrolled in business, management and accounting courses about the importance of being trained in the detection and prevention of fraud.
- Spread the Word. Encourage other colleagues and students to become involved with the ACFE in the fight against fraud.
- Host an Anti-Fraud Seminar. Hold a free fraud prevention seminar for your company or your community.
Visit www.FraudWeek.com for more information.